TMC Life Sciences gets takeover offer from Singapore tycoon

KUALA LUMPUR: TMC Life Sciences Bhd has received a takeover offer notice from Singapore tycoon Peter Lim at 48 sen a share and eight sen a warrant after he raised his combined stake to 59.24%.

The notice of takeover was made on Thursday after Sasteria (M) Pte Ltd bought 213.84 million shares or 26.65% stake for RM102.64mil or 48 sen a share in an off-market deal.

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